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Market
Claimant Approval Percentage for J&J Settlement
4
Resolution / Starting Odds
Less than 50% • 25%
50% to 74% • 25%
75% to 89% • 25%
90% or more • 25%
Court documents or official Johnson & Johnson announcements
Story
J&J Proposes $11 Billion Settlement in Talc Cancer Lawsuits
May 1, 2024, 10:37 AM
Johnson & Johnson is advancing a proposed settlement of $11 billion to resolve tens of thousands of lawsuits alleging that its talc products, including baby powder, contain asbestos and cause ovarian cancer. The company, through its subsidiary LLT Management LLC, plans a "prepackaged" reorganization to address all current and future ovarian cancer talc claims. J&J is seeking the approval of claimants, requiring a three-quarters majority for the settlement to proceed. If successful, the company anticipates implementing a new phase, termed LTL 3.0, later this summer.
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Less than 50% Approval • 25%
50% to 75% Approval • 25%
76% to 99% Approval • 25%
100% Approval • 25%
Approved by all claimants • 25%
Approved by more than 75% but not all • 25%
Approved by more than 50% but less than 75% • 25%
Not approved by more than 50% • 25%
Less than 50% • 33%
50% to 74% • 33%
75% or more • 33%
Approved as Proposed • 33%
Approved with Modifications • 33%
Rejected • 34%
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Decrease less than 10% • 25%
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Over 90% • 25%
Below 50% • 25%
50% - 74% • 25%
75% - 89% • 25%
90% or higher • 25%
Less than 10% • 25%
10% to 25% • 25%
26% to 50% • 25%
More than 50% • 25%
Significant positive reaction • 33%
Neutral reaction • 33%
Significant negative reaction • 33%